How the Tax Cuts and Jobs Act Affects Businesses

Find out how the new tax law affects small businesses.

The 20% Pass-Through Tax Deduction for Business Owners

Under the Tax Cuts and Jobs Act, pass-through business entity owners can potentially deduct 20% of their business income.

Bonus Depreciation Extended Through 2026 Under the Tax Cuts and Jobs Act

This valuable deduction for business owners is available (with a gradual phase-out) through 2026.

Small Businesses Can Reimburse Employees for Health Costs

Starting in 2017, small businesses can reimburse employees for certain health insurance and other medical costs using a Qualified Small Employer Health Reimbursement Arrangement.

Pension Plan Limits for 2017 Announced by IRS

January 1, 2017. The Internal Revenue Service released 2017 tax year cost of living adjustments for pension plans and other retirement-related items. Here is a summary of the more significant items for 2017.

Section 179 Tax Deduction Limits and First-Year Bonus Depreciation

The numbers keep changing: Here are the IRS Section 179 and bonus depreciation amounts under the Tax Cuts and Jobs Act.

Section 179 and Bonus Depreciation Changes Under the Tax Cuts and Jobs Act

The new tax law includes some important tax breaks for small businesses.

IRS Tax Rates and Annual Adjustments for 2016

The IRS has released 2016 tax rate schedules and cost-of-living increases for several important tax items.

IRS Announces Standard Mileage Rate For 2016

The Internal Revenue Service announced the 2016 optional standard mileage rate for calculating the deductible costs of operating an automobile for business purposes. Starting January 1, 2016, the standard mileage rate for the business use of a car, van, pickup, or panel truck is 54 cents per mile for

What Deductions Were Extended or Made Permanent in the 2015 Tax Extenders Bill (the PATH Act)?

Find out about the most significant tax breaks for businesses and individuals that were made permanent or extended in the 2015 tax extenders bill.

IRS Increases Standard Mileage Rate For 2015

The IRS has increased the business standard mileage rate for 2015.

New Savings Accounts (ABLE) for Disabled People

Learn about the tax-advantaged savings account: the ABLE Account.

Section 179 Tax Deduction Limits and First-Year Bonus Depreciation

The numbers keep changing: Here are the IRS Section 179 and bonus depreciation amounts under the Tax Cuts and Jobs Act.